Orange, CA 92865 1122 E Lincoln Avenue # 213

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Presented By: Rigel Capital
  • MLS# HD24083205
  • 04/26/2024
  • Request Tour
  • Request Info
  • FootageSQFT • 1,003

Home Details

FOR SALE. An excellent investment, income-producing opportunity with great return. Rare opportunity to purchase a professional office condo, occupied, within the 40+ commercial condominium building known as the Lincoln Professional Center in Orange, CA. The building is beautifully maintained, right off the I-91 & I-55 freeway interchange with several levels, elevators and garden-style construction and architecture. The Class B building was built in 1984 with ample parking, over 40 condos of mixed uses comprising of medical and professional services, all professionally managed. Nearby retail, residential and other professional services. Condo #213 is ±1,003 square feet, located on the second floor on the outside level with 2 private offices and 3 separate rooms with common doors in between. The Condo has updated flooring, paint and great natural lighting. The Condo is conveniently located right next to the common restrooms, staircase to the bottom floor, and the parking lot. The tenant is long-term with initial lease expiring in 2032 with an option to extend thereafter. Annual increases allow for 3% increases to rent with all utilities paid by tenant. Call Agent for additional information.
Presented By: Rigel Capital

Interior Features for 1122 E Lincoln Avenue # 213

Other Interior Features

Air Conditioning Y/NYes
Heating Y/NYes
Laundry FeaturesNone
Street SuffixAvenue
Total Stories3

Other Rooms

Entry Level1

General for 1122 E Lincoln Avenue # 213

Additional Parcels Y/NNo
Adult Family HomesCondominium
Builder NameLincoln Professional Center
Building Area UnitsSquare Feet
Building FeaturesElevator(s)
Buyer Agent Compensation3.000
Buyer Agent Compensation Type%
CityOrange
CoolingCentral Air
CountyOrange
Days on Market5
DirectionsFrom the I-91, merge to I-55 south and exit E Lincoln Ave and turn right; property will be on the left hand side;
HeatingCentral
Land Lease Y/NNo
Lease Considered Y/NNo
Lot Size Square Feet57063.6
MLS Area72 - Orange & Garden Grove, E of Harbor, N of 22 F
Occupancy DescriptionTenant
Property Sub Type AdditionalOffice
Property SubTypeOffice
Property TypeCommercial Sale
RoofFlat
Security FeaturesFire Sprinkler System
Standard StatusActive
StatusActive
Street NameLincoln
Tax Annual Amount3577
Tax Year2023
Unit Number213
Year Built1984

Exterior for 1122 E Lincoln Avenue # 213

Building Area Total1003
FencingNone
Lot FeaturesLevel
Lot Size Acres1.31
Lot Size Area1.31
Lot Size SourceAssessor
Lot Size UnitsAcres
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $495,000
MLS#HD24083205
List Date 04/26/2024
Property Type Commercial
Phone 714.964.3311
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